Federal income tax on investment income and capital gains

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Federal income tax on investment income and capital gains of a mutual fund

A. Must always be paid by both the fund and the shareholder

B. Must be paid only by the shareholder

C. Is not required of the fund if it distributes at least 90% of its net investment income and capital gains

D. Is not required either of the fund or of its shareholders

Reference no: EM13947178

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